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Costco Is Down 15% From Its High. Time to Buy?

Costco Is Down 15% From Its High. Time to Buy?

Costco Wholesale (NASDAQ: COST), one such stock to pay attention to, is down about 15% from its all-time high that was set in April last year. After posting net revenue growth of 17.8% in fiscal 2021 and 16.1% in fiscal 2022 (ended Aug. 28), Costco's business has been dealing with a bit of a slowdown. Sales only increased 8.1% in the most recent fiscal quarter (the first quarter of 2023, ended Nov. 30).